December 2017 Archives

What are some common types of auto dealer fraud?

Have you ever gone to a car dealership and felt that something was just a little bit… off? Perhaps it was something that you couldn’t quite put your finger on—the salesperson seemed dishonest, was overly aggressive or even overly friendly. Whatever it was, your instinct may have been right: Some auto dealers have been known to commit fraud.

Why odometers may be tampered with

Hollywood may have people believe that rolling back an odometer is a good way to prevent others from knowing that the car was out for a joyride. However, rolling back or otherwise tampering with an odometer is considered a crime. It can also have an economic impact on consumers of up to $10 billion per year. To help prevent such fraud from occurring, California law requires a Vehicle/Vessel Transfer Form be filled out.

Americans struggling, worrying about debt

The American Institute of Certified Public Accountants (AICPA) said a new poll that it commissioned shows that 73 percent of Americans live with debt. The AICPA says that outstanding household debt in the U.S. has hit a new high of $12.84 trillion, even as consumer spending is increasing at a faster clip than any since 2009.

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